Gold

China doing a Chuck Norris on gold - waiting and watching

• After China bought zero gold in May, gold bugs say they'll be back, around USD2,200

Vietnam authorities expected to loosen gold import rules by July/August

• To allow firms to import gold for the first time since 2012

Gold Technical Analysis – The price is near a key support zone

• Gold got smacked back down by two negative catalysts. What’s next?

GOLD ICYMI: People's Bank of China completely stopped buying last month

• China was the largest official sector buyer of gold in 2023

Why gold dropped on the headline about China halting reserves buying?

• It has more to do with the prevailing market narrative than a real fundamental reason

Gold takes a dip on headline that China halts reserves buying after 18-month stretch

• A quick kneejerk reaction in gold prices

Gold Technical Analysis – The bias turned a bit more bullish

• Gold continues to consolidate as the market awaits a stronger catalyst to push it in either direction. What’s next?

Gold Technical Analysis

• Gold remains under pressure from the rise in real yields. What’s next?

Are precious metals set for a stronger bounce this week?

• I still hold some reservations on that

Egyptian soldier killed after exchange of gunfire with Israeli soldiers

• Not a good sign

Gold tries to find a floor after a bruising drop last week

• Is the party in gold over?

Gold Technical Analysis

• The strong US PMIs yesterday added further pressure on gold prices. What’s next?

Gold retreats further as the positive drive above $2,400 wanes

• The pullback in the commodities space is gathering some pace

Commodities brace for a stronger pullback after the rough showing yesterday

• In particular, copper futures saw its worst daily showing since the height of the Covid pandemic

IMF: Russian Federation raise gold holdings by 3.110 tonnes to 2.335.93 tonnes in April